Raymond Koh is a self-confessed straight-shooter who has an economy of expression befitting one who could lose millions during a correction without flinching. Koh’s composed, logic-based centeredness defines his personality as well as the company he works for.
As Coinbene’s Vice President, Raymond Koh remains his own man even as his stays out of the limelight as much as possible. He went to Malaysian university UNITAR and studied information system. He went on to build a formidable career in sales with companies such as LG Electronic and Toshiba Japan. Koh first dabbled in cryptocurrencies at the urging of his friends who attended the same university as he did many years ago. And has since sharpening his understanding of the seemingly difficult revolving concepts at play.
Vice President of Coinbene talks token listing and the future of cryptocurrency
His instincts and fervent application of tried-and-test investment strategies have proven to be highly rewarding and he has big plans for the company, including expanding its geographical reach as one of the biggest crypto assets exchange platform with users from all over the world. He’s also a savvy pre-ICO investor and has been involved several blockchain projects while also acting a consulting member of the Guiyang Blockchain Innovation Research Institute in China.
When was Coinbene launched? What differentiates Coinbene from other exchanges?
Coinbene was launched in October 2017. We are selective in terms of new token listings. In particular, we take into consideration factors such as project implementation, company vision and roadmap before and after Initial Coin Listing (ICO). The size of the token’s community also matters and how vibrant members are when interacting with the team behind the token. Coinbene has a secure and user-friendly interface that provides multiple cryptocurrencies trading pairs to go along with services such as ICO underwriting to resolve liquidity issues.
Aditus provides a platform for ADI tokens to have real-world usage. We see the value in the way that this connects luxury merchants to new customers as a form of payment. It adheres to the underlying fundamentals of blockchain technology. Luxury merchants recruited will benefit from this in the long term.
How do you select tokens to be listed on your exchange?
This is line with our consulting services for new ICO projects where circulation is crucial as we move to decentralise financial assets. We are also proactively trying to solve problems of existing exchanges with an identity tracking and verification system. This is done to avoid fraudulent transactions and identity theft online. Our strength lies in high-frequency trading that looks to achieve a true real-time trading experience. We can safely state that more than one million orders are processed second.
Tell us why you think are the synergies in having Aditus listed on Coinbene?
Aditus provides a platform for ADI tokens to have real-world usage. We see the value in the way that this connects luxury merchants to new customers as a form of payment. It adheres to the underlying fundamentals of blockchain technology. Luxury merchants recruited will benefit from this in the long term.
What vision do you have for Coinbene in 2018? Overall, what should be the strategy for crypto players to reach a wider audience and bring more first-time investors to the crypto scene?
The daily turnover cryptocurrencies are more than USD 100 billion daily. There is still a lot of room to grow compared to the traditional equity trading. I see many more financial consortiums entering this flourishing frontier. There’s a lot of ways for crypto players to extend their reach and draw investors in through both offline and online platforms. Offline platforms may encompass strategies such as roadshows, seminars while online evangelism relies on the power of the internet and social media through platforms like YouTube, WeChat, WhatsApp or Telegram. The crypto world has no boundaries and the only way for Coinbene to progress is to share what we know and educate investors both old and new. This will help them avoid scams and Ponzi schemes when investing in cryptocurrencies.
How is Coinbene coping with the fast-evolving regulations in Singapore and also your home country of Malaysia?
The regulations in terms of Fiat currency deposits and withdrawals are quite similar in Singapore and Malaysia. Regulations in such instances do not affect us as much as we are still a crypto-to-crypto exchange. We are planning to secure an operating license in Malaysia that will allow us to accept Ringgit deposits to purchase cryptocurrencies. From there we will look to similarly penetrate the Indonesian and Thai markets.
One of Coinbene’s stronghold is in China. What is your analysis of the latest evolutions and decisions made in China?
China implemented a ban on ICO activities during September last year. This is mostly the direct result of abuse and gross misconduct on the part of parties raising funds through ICOs. Nevertheless, the government has continued to allow for the development and implementation of blockchain technology in other practical settings. The ban will most probably be lifted as the government implements their own digital assets to regulate and monitor the funds invested in the cryptocurrency market by citizens.
If you were to mention one influencer on the crypto scene that has made an impact on you, who would that be?
One person who has greatly influenced me is Coinbene co-founder, Donny Koh. He is an entrepreneur who takes calculated risks and encouraged me to invest in Bitcoin a few years ago. It’s all about having a positive outlook and a willingness to learn about this new-fangled breakthrough in technology. My days are packed since joining the company and it usually involves communicating with various project founders who intend to list us on our exchange. Once their token (or coin) is approved for listing, we must execute a marketing strategy based on a holistic understanding of their ecosystem gleamed from the project’s technical white paper, the founding team’s motivation and how interactive is their stakeholders and online community.
For more information, visit: www.coinbene.com Or find out more about how crypto-affluents can spend their wealth through Aditus at www.aditus.net
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